The Globalisation Of Health Care
This article on the BBC is entitled World’s smallest MRI helps tiny babies.
It shows how healthcare is becoming an increasingly global collaboration.
The idea for the machine was developed in the University of Sheffield and the machine was built by the American company; GE Healthcare.
Medical research is like this, with often more than two companies and countries playing their parts in producing a successful breakthrough, often many years after the original idea.
I just wonder how Trump’s America First and tax policies will affect developments like this.
Will his new tax rules, mean that if an American company is involved in a development like this, that the device will have to be manufactured in the United States, when perhaps to manufacture it in the country, that owns the IPR might be better?
I can see researchers not wanting to get involved with American companies, when other countries can offer deals with no nasty strings attached.
There’s only going to be two winners with some of Trumps tax ideas; lawyers and accountants.
The Anonymous Widower 
US companies are already holding $ billions offshore because of high US corporation tax (35%), however Trump has promised to provide a reduced rate to companies repatriating historic profits.
Once done some of them might well move their headquarters offshore and just have US subsidiaries.
Comment by Mark Clayton | January 23, 2017 |